HDXM.DE vs. ABCH.DE
Compare and contrast key facts about Hashdex Crypto Momentum Factor ETN (HDXM.DE) and 21Shares Bitcoin Cash ETP (ABCH.DE).
HDXM.DE and ABCH.DE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. HDXM.DE is a passively managed fund by Hashdex that tracks the performance of the Kaiko Hashdex Risk Parity Momentum Crypto Index. It was launched on Nov 1, 2022. ABCH.DE is an actively managed fund by 21Shares. It was launched on Jul 3, 2019.
Performance
HDXM.DE vs. ABCH.DE - Performance Comparison
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HDXM.DE vs. ABCH.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
HDXM.DE Hashdex Crypto Momentum Factor ETN | -17.42% | -35.51% | 65.37% | 130.19% | -31.57% |
ABCH.DE 21Shares Bitcoin Cash ETP | -22.90% | 16.28% | 73.28% | 161.37% | -23.03% |
Returns By Period
In the year-to-date period, HDXM.DE achieves a -17.42% return, which is significantly higher than ABCH.DE's -22.90% return.
HDXM.DE
- 1D
- 1.40%
- 1M
- 3.07%
- YTD
- -17.42%
- 6M
- -45.85%
- 1Y
- -28.59%
- 3Y*
- 12.95%
- 5Y*
- —
- 10Y*
- —
ABCH.DE
- 1D
- -2.89%
- 1M
- 2.89%
- YTD
- -22.90%
- 6M
- -21.27%
- 1Y
- 32.38%
- 3Y*
- 47.87%
- 5Y*
- -5.41%
- 10Y*
- —
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HDXM.DE vs. ABCH.DE - Expense Ratio Comparison
HDXM.DE has a 1.49% expense ratio, which is lower than ABCH.DE's 2.50% expense ratio.
Return for Risk
HDXM.DE vs. ABCH.DE — Risk / Return Rank
HDXM.DE
ABCH.DE
HDXM.DE vs. ABCH.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Hashdex Crypto Momentum Factor ETN (HDXM.DE) and 21Shares Bitcoin Cash ETP (ABCH.DE). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| HDXM.DE | ABCH.DE | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.62 | 0.51 | -1.12 |
Sortino ratioReturn per unit of downside risk | -0.68 | 1.17 | -1.86 |
Omega ratioGain probability vs. loss probability | 0.92 | 1.14 | -0.21 |
Calmar ratioReturn relative to maximum drawdown | -0.54 | 1.11 | -1.65 |
Martin ratioReturn relative to average drawdown | -1.02 | 2.51 | -3.52 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| HDXM.DE | ABCH.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.62 | 0.51 | -1.12 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | -0.06 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.19 | -0.06 | +0.25 |
Correlation
The correlation between HDXM.DE and ABCH.DE is 0.67, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
HDXM.DE vs. ABCH.DE - Dividend Comparison
Neither HDXM.DE nor ABCH.DE has paid dividends to shareholders.
Drawdowns
HDXM.DE vs. ABCH.DE - Drawdown Comparison
The maximum HDXM.DE drawdown since its inception was -62.68%, smaller than the maximum ABCH.DE drawdown of -92.87%. Use the drawdown chart below to compare losses from any high point for HDXM.DE and ABCH.DE.
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Drawdown Indicators
| HDXM.DE | ABCH.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -62.68% | -92.87% | +30.19% |
Max Drawdown (1Y)Largest decline over 1 year | -53.24% | -31.22% | -22.02% |
Max Drawdown (5Y)Largest decline over 5 years | — | -92.87% | — |
Current DrawdownCurrent decline from peak | -59.55% | -71.03% | +11.48% |
Average DrawdownAverage peak-to-trough decline | -23.80% | -72.96% | +49.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 28.15% | 13.82% | +14.33% |
Volatility
HDXM.DE vs. ABCH.DE - Volatility Comparison
The current volatility for Hashdex Crypto Momentum Factor ETN (HDXM.DE) is 9.70%, while 21Shares Bitcoin Cash ETP (ABCH.DE) has a volatility of 12.12%. This indicates that HDXM.DE experiences smaller price fluctuations and is considered to be less risky than ABCH.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HDXM.DE | ABCH.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.70% | 12.12% | -2.42% |
Volatility (6M)Calculated over the trailing 6-month period | 33.52% | 44.97% | -11.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 46.35% | 63.59% | -17.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 53.59% | 86.18% | -32.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 53.59% | 85.83% | -32.24% |